Canada’s national median home listing price this month is $314,900, which means that Columbia Lake 3 is in the top 20% for Canada.
In Oct the median listed house price of $489,000 in Columbia Lake 3 was an above average compared to the rest of British Columbia.
British Columbia has the third most amount of properties available to property investors, with Columbia Lake 3 having 314th most in the province, out of a total of 346.
British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Columbia Lake 3 there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
It’s never an exact art, but to try to forecast how property is going to appreciate in Columbia Lake 3 for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.